Undated (1837-42) $5 C. Bechtler, 128 G, 22 C., RUTHERF, MS62 NGC
K-23, High R.6. This lot features a lovely $5 Bechtler coin with lustrous deep yellow-gold and a decided olive cast. The somewhat reflective fields are free of marks of consequence with just some faint hairlines and a few minor ticks the reward for a diligent examination. Type with 5 at center, DOLLARS curving below, C: BECHTLER. AT RUTHERF: round, single stars flank, reverse with 128.G. at center, single star below, GEORGIA GOLD. 22 CARATS around, each A in CARAT made from an inverted V punch. An amply pleasing coin for the grade.
The Bechtler family with Christopher at the helm, aided by his son August and a nephew, also named Christopher, were actively involved in the gold fields in and around Rutherford County, North Carolina from 1831 until the early 1850s. Although gold was discovered in North Carolina as early as 1799, it was not until the 1820s that there was a "rush" in the area, after which the district became very important. Struck in just three denominations, dollar, quarter eagle, and half eagle, the Bechtler coinage included the first gold dollars struck in the United States (in 1831); Federal gold dollars were not struck until 1849. As noted in the Guide Book: "Bechtler coins were well accepted by the public and circulated widely in the Southeast," a comment that is supported by the numerous Bechtler pieces seen in well-circulated condition today. (PCGS 10109)